dLocal Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤TPV reached $18.3 billion, up 77% year-over-year, eighth consecutive quarter above 50% growth
- ➤Revenue reached US$398.0 million, up 41% year-over-year
- ➤Operating profit reached US$76.2 million, up 37% year-over-year
- ➤Net income reached US$68.0 million, up 31% year-over-year, or US$0.23 diluted EPS
- ➤Adjusted free cash flow reached US$99.1 million, up 163% year-over-year
Expert Statements
Pedro Arnt, CEO of dLocal
“We delivered another quarter of consistent execution, supported by deepening merchant relationships, improving operating leverage and solid cash generation. TPV reached $18.3 billion, up 77% year-over-year, marking our 8th consecutive quarter above 50% growth, and our 4th consecutive at or above 70%. Net revenue retention was 140%, reflecting the continued strength of our business with the existing merchant base. Gross profit grew 28% year-over-year to $132 million, while operating profit increased 37% to $76 million. The strong operating leverage we expected in the second half of the year is materializing”
TPV reached US$18 billion (+77% year-over-year), marking the 8th consecutive quarter of 50%+ year-over-year growth. Revenue reached US$398 million (+41% year-over-year), with gross profit of US$132 million (+28% year-over-year). Operating profit reached US$76 million (+37% year-over-year), with the Operating Profit/Gross Profit ratio at 58% (+7 p.p. vs. 2Q26), its highest level since 4Q23. Gross profit growth exceeded OPEX growth (+17% year-over-year), reflecting continued cost discipline and automation efforts. Record net income of US$68 million (+31% year-over-year). Adjusted Free Cash Flow reached US$182 million in 9M26, with conversion to net income of 111%, reflecting the reversal of temporary 1Q26 working-capital effects.
MONTEVIDEO, Uruguay, Nov. 12, 2026 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a leading cross-border financial infrastructure platform connecting global merchants to emerging markets, today announced its financial results for the third quarter ended September 30, 2026.
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